Missouri Revised Statutes













Chapter 392

Telephone and Telegraph Companies

←392.330

Section 392.340.1

392.350→

August 28, 2015

Reorganization.

392.340. 1. Reorganization of telecommunications companies shall be

subject to the supervision and control of the commission and no such

reorganization shall be had without the authorization of such commission.



2. Upon all such reorganizations the amount of capitalization, including

therein all stocks and bonds and other evidence of indebtedness, shall be

such as is authorized by the commission, which, in making its determination,

shall not exceed the fair value of the property involved, taking into

consideration its original cost of construction, duplication cost, present

condition, earning power at reasonable rates and all other relevant matters

and any additional sum or sums as shall be actually paid in cash except, that

the commission may make due allowance for discount of bonds. Any

reorganization agreement before it becomes effective shall be amended so that

the amount of capitalization shall conform to the amount authorized by the

commission. The commission may by its order impose such condition or

conditions as it may deem reasonable and necessary.



(RSMo 1939 § 5681, A.L. 1987 H.B. 360)



Prior revisions: 1929 § 5225; 1919 § 10513







Top



Missouri General Assembly



Copyright © Missouri Legislature, all rights reserved.